Hi Ashit,
Of course there are mechanisms available to track Employee Performance. Many organizations still have annual appraisals with no mid term reviews. Employees get dissatisfied because there is no mechanism to capture their achievements through the year.
Further to what Anuradha has said, these Goals/KRAs should be measurable and tracked on a desired frequency, a record of the same is to be maintained for Appraisals, Rewards, Training Need Identification, Succession Planning and career growth. Employees can also be appraised on competencies/skills defined as per JDs and gap analysis could be done to identify training needs.
Such a tracking system would not be possible in a manual process especially in large organizations spread across multiple locations. You need technology solutions for effective deployment of PMS. Softwares helps in better communication, brings in transparency and accountability, and streamlines HR processes.
EmpXtrack is a Web Based Performance Management System developed by Saigun Technologies which is used for Tracking, Planning and Managing Employee Performance.
Visit
Saigun Technologies to know more about the software or Request for more information by
Clicking Here.
Regards,
Shakir